Future had inked term sheet with Samara 2 months before RIL deal

Mumbai: As early as June 30 last year, Amazon-backed private equity firm Samara Capital had signed a non-binding term sheet with Future Retail Ltd (FRL) that entailed a Rs 7,000 crore investment, reveal documents and correspondence between both sides. This was two months prior to Future Group announcing its Rs 24,713 crore deal with Reliance Retail Ventures Ltd at the end of August.